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http://www.hsbcusa.com/ourcompany/pressroom/2011/news_08102011_card_sale.html
Curious what people's thoughts are on this...only card I have right now through HSBC is the RewardZone Mastercard so I have to think the only direction one can go is up (rolls eyes).
Theres a few threads on this already...
http://ficoforums.myfico.com/t5/Credit-Cards/HSBC-sells-US-CC-to-Captial-One/td-p/1000068 (longest)
http://ficoforums.myfico.com/t5/Credit-Cards/HSBC-SOLD-TO-CAPITAL-ONE/td-p/1000066
(likely more... i didn't look hard).
too many threads already,
I thinki it is a step up overall.
Not all cards will transfer. Some HSBC logo card with stay with HSBC.